When the market breaks out of the range it’s been trading in over the last almost two months, the move will be big.
From compression comes expansion.
Market wide consolidation like this can lead a very explosive move with tons of opportunity.
Simple advice: Treat AI like an intern who never sleeps and gets smarter every month. Then ask honestly: are you managing it well, or just using it as a search box? Have you learned something new from it, or vice versa? What have you achieved?
Almost everything we call scarce is just something we have not learned to make yet. Aluminum was once more precious than gold, until we cracked how to pull it from ordinary dirt.
Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre.
The level of competition is thus fiercest for “realistic” goals, paradoxically making them the most time- and energy-consuming.
If you are insecure, guess what? The rest of the world is, too.
Do not overestimate the competition and underestimate yourself. You are better than you think.
Unreasonable and unrealistic goals are easier to achieve for yet another reason.
Having an unusually large goal is an adrenaline infusion that provides the endurance to overcome the inevitable trials and tribulations that go along with any goal. Realistic goals, goals restricted to the average ambition level, are uninspiring and will only fuel you through the first or second problem, at which point you throw in the towel.
If the potential payoff is mediocre or average, so is your effort.
The fishing is best where the fewest go, and the collective insecurity of the world makes it easy for people to hit home runs while everyone else is aiming for base hits.
There is just less competition for bigger goals.
Smart people foolishly ignore their health, too.
Munger's framework applied:
0. incentive bias: payoff now versus in 30 years
1. slow boiling frog: increments too small to notice
2. public consistency: "I don't need sleep"
3. denial - "I'll deal with it later"
4. persian messenger syndrome - skip the tests
The asset that makes all other assets grow? Health.
We fill our days mostly on things that are trivial next to what we ultimately care about. We know, deep down, however, that in the noise of it all, health is easily forgotten until it’s the only thing that matters.
We spend a fraction of our lives truly sober to the preciousness of life. We feel it when someone we love dies, when a child is born, when we come close to death ourselves, or when a diagnosis marks our limit. In those moments, we are sobered, and the rarity of it all becomes self evident. Imagine the existence we’d build together if that clarity didn’t fade.
I wish all of you the very best. Care for yourself, care for others, care for the planet and care for our animal friends. Care for life as it’s the most precious gift there is.
$AMZN Prime Day online spending reached a record $26.4B, topping expectations and rising 9.3% year over year.
Buy Now, Pay Later for $AFRM accounted for 6.6% of orders, while average household spending on Amazon fell 8.3% to $143.
Wow, this is so cool. The Tesla Cybercab has exterior microphones on the B-pillars so first responders can speak to Tesla Support from outside the vehicle.
There is speakers on the underside so first responders can have a two-way conversation from outside (plus additional speakers and mics in the cabin). So smart.
The longevity world is crowded with expensive answers. After years inside it, the ones I actually trust are almost embarrassingly cheap. 8 hour Sleeps. Weight lifting for Muscle. Exposured to Sunlight. Things you do, not things you buy.
$BABA #BABA
I just ran the numbers, and this is the most oversold the 20 period RSI (essentially a one month look back) has ever been in the history of the stock. The only other 3 times the RSI came close to being this oversold was in August 2021, December 2021, and March 2021.
These are the two-day returns after the RSI bottomed:
August 2021: 10.25% in 2 days
December 2021: 15.62% in 2 days
March 2022: 37.75% in 1 day
Volume picking up while RSI quietly diverges...
Meanwhile, the CEO spent close to $150 MILLION on shares in March...
Is this a comeback of the year candidate? $TTD
Most of what we call scarce is just abundance we have not organized yet. The water sits in the ocean. The energy pours from the sky. The knowledge floats in the air around us. The hard part is the delivery!
Your age on paper is a receipt! Your age in your cells is the truth, and we can read it. Here's the interesting part: two people born in the same year can now test more than a decade apart in biological age.
Exercise, sleep, eating habits, stress, all compounds!